BITCOIN CASH

	BITCOIN CASH

Bitcoin Cash is a cryptocurrency created from a Bitcoin fork in August 2017. Bitcoin Cash was created to accommodate larger block sizes compared to Bitcoin and allow more transactions in a single block. Despite their philosophical differences, Bitcoin Cash and Bitcoin share some technical similarities. Bitcoin Cash itself was forked in November 2018 and split into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). Bitcoin Cash proposes to solve the situation by increasing the block size from 8MB to 32MB. This allows you to process more transactions per block. At the time of Bitcoin Cash's proposal, the average number of transactions per Bitcoin block was between 1,000 and 1,500. During the stress test in September 2018, the number of Bitcoin Cash blockchain transactions increased to 25,000 per block. Bitcoin Cash enthusiasts like Roger Ver often cite Nakamoto's original vision of payment services as a reason for increasing block size. According to them, changing the block size of Bitcoin will allow Bitcoin to be used as a medium for daily transactions, and multinational credit card processing such as Visa, which charges high fees for processing cross-border transactions. Helps to compete with the organization. Bitcoin Cash differs from Bitcoin in another way because it does not include Segregated Witness (SegWit), another solution proposed to allow more transactions per block. SegWit only stores information or metadata about transactions in blocks. Normally, all transaction details are stored in blocks. Apart from the differences in ideology and block size, there are some similarities between Bitcoin and Bitcoin Cash. They also share the services of Bitmain, the world's largest cryptocurrency miner. The supply of Bitcoin Cash is limited to the same number of 21 million as Bitcoin. Bitcoin Cash has also begun using the same mining difficulty algorithm (technically known as Electronic Design Automation (EDA)). It adjusts the difficulty every 2016 blocks, or about every two weeks. Miners took advantage of this similarity by alternating mining activities between Bitcoin and Bitcoin Cash. Although beneficial to miners, this practice has negatively impacted the increased supply of Bitcoin Cash in the market. Therefore, Bitcoin Cash has overhauled the EDA algorithm to make it easier for miners to generate cryptocurrencies.

Bitcoin Cash is a cryptocurrency created from a Bitcoin fork in August 2017. Bitcoin Cash was created to accommodate larger block sizes compared to Bitcoin and allow more transactions in a single block. Despite their philosophical differences, Bitcoin Cash and Bitcoin share some technical similarities. Bitcoin Cash itself was forked in November 2018 and split into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). Bitcoin Cash proposes to solve the situation by increasing the block size from 8MB to 32MB. This allows you to process more transactions per block. At the time of Bitcoin Cash's proposal, the average number of transactions per Bitcoin block was between 1,000 and 1,500. During the stress test in September 2018, the number of Bitcoin Cash blockchain transactions increased to 25,000 per block. Bitcoin Cash enthusiasts like Roger Ver often cite Nakamoto's original vision of payment services as a reason for increasing block size. According to them, changing the block size of Bitcoin will allow Bitcoin to be used as a medium for daily transactions, and multinational credit card processing such as Visa, which charges high fees for processing cross-border transactions. Helps to compete with the organization. Bitcoin Cash differs from Bitcoin in another way because it does not include Segregated Witness (SegWit), another solution proposed to allow more transactions per block. SegWit only stores information or metadata about transactions in blocks. Normally, all transaction details are stored in blocks. Apart from the differences in ideology and block size, there are some similarities between Bitcoin and Bitcoin Cash. They also share the services of Bitmain, the world's largest cryptocurrency miner. The supply of Bitcoin Cash is limited to the same number of 21 million as Bitcoin. Bitcoin Cash has also begun using the same mining difficulty algorithm (technically known as Electronic Design Automation (EDA)). It adjusts the difficulty every 2016 blocks, or about every two weeks. Miners took advantage of this similarity by alternating mining activities between Bitcoin and Bitcoin Cash. Although beneficial to miners, this practice has negatively impacted the increased supply of Bitcoin Cash in the market. Therefore, Bitcoin Cash has overhauled the EDA algorithm to make it easier for miners to generate cryptocurrencies.